Vehicle Finance Services

Fleet Efficiency is an independent vehicle procurement and finance specialist which provides flexible funding options to match the needs of our clients.

Fleet Efficiency has built close working relationships with some of the leading and most reputable finance companies, enabling us to quote for all funding options including car, vans and trucks.

As an independent company we use our buying power to negotiate significant discounts with manufacturers which we then pass on to you the customer. These discounts when combined with the funding options we have in place result in fantastic deals.

Our reputation is built not only on our competitive pricing but also on our customer service. We take the long term view of customer relations and are as happy to give any help, support and advice after sales as we are before.

Business Finance Solutions

Contract Hire

Contract Hire is probably one of the most popular finance options used by UK businesses. This option allows the customers to pay fixed monthly rentals without tying up capital. This vehicle funding method includes road fund licence and other warranties and benefits which apply for the duration of the contract (usually between 24 and 60 months).

This form of vehicle finance includes fixed monthly payments over a fixed term, rate and mileage. Contract Purchase may share benefits of the disposal of the vehicle and removes the risk of any shortfall. Vehicles are shown on the company’s balance sheets and capital allowances can be claimed.

This funding option is an alternative to Contract Hire where the hirer has the opportunity of paying back the capital cost of the vehicle over a longer period of time. The hirer also has the option to pay a lower rental payment during the contract period and pay a final rental based on the anticipated resale value of the vehicle.

With Hire Purchase an initial deposit is paid and the rest of the sum is repaid monthly, usually over a period of one to four years. Ownership will be then passed to the business when all payments have been made. This option also allows the option for a final payment in order to lower monthly costs, available with fixed and variable interest rates.

Benefits of Hire Purchase

• Vehicle registered in the name of the client
• VAT recoverable on Hire Purchase
• Fixed or variable interest rates
• Interest element of repayments can normally be offset against taxable profit
• The asset appears on your balance sheet
• Monthly payments are not subject to VAT

Operating Lease

This type of vehicle funding allows the customers to outsource vehicle acquisition and disposal, where Fleet Efficiency will obtain ownership of the vehicle and our clients reserve the right of exclusive use. Other aspects include monthly payments, no liabilities shown on your accounts (off-balance sheet) and flexible lease agreements

This funding method allows clients who own their fleet to release the capital invested in it. This is done by selling the vehicles at fair market value to Fleet Efficiency and then renting them back. The cash injection can then be invested back into the client’s business. This scheme also takes away any risk on the disposal at the end of the contract and frees up valuable management time.

With Hire Purchase an initial deposit is paid and the rest of the sum is repaid monthly, usually over a period of one to four years. Ownership will be then passed to the business when all payments have been made. This option also allows the option for a final payment in order to lower monthly costs, fixed and variable interest rates.

Benefits of Hire Purchase

• Total control of assets
• Vehicle registered in the name of the client
• VAT recoverable on hire purchase
• Fixed or variable interest rates
• Interest element of repayments can normally be offset against taxable profit
• The asset appears on your balance sheet
• Monthly payments are not subject to VAT

Personal Contract Hire

This form of vehicle finance is popular with individuals that wish to substitute a cash allowance for the benefit of a company car. This is an alternative for private individuals buying a vehicle for uses other than their business.